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Bloomberg Originals

Bloomberg Originals produces shows on the intersection of business and culture, covering topics such as climate change, technology, finance, and sports.

China’s Brain-Chip Startups Race Toward Commercial Medical Use

Bloomberg Primer reports on the race to commercialize brain-computer interfaces through NeuroXess, a Shanghai startup testing an implanted device in a paralyzed patient. The source presents BCI less as near-term human enhancement than as an assistive medical technology still facing safety, regulatory and reimbursement tests, while arguing that China’s policy support could help its companies compete with better-funded US rivals.

Allen Wan · Elon Musk · Mr Zhang · Tiger Tao · Ike Swetlitz · Amber TongJun 8, 20267 min read

FIFA’s Expanded World Cup Pushes Costs Onto Fans and Host Cities

Bloomberg argues that the expanded 2026 World Cup is built to generate record revenue for FIFA while shifting much of the cost and risk onto fans and host cities. The tournament’s 48-team, three-country format creates more matches, broadcast inventory and ticketing opportunities, but dynamic pricing, resale fees, transport costs, visas and security obligations are making attendance and hosting more expensive. The result, the piece says, is a World Cup marketed as a mass global event while increasingly priced and managed like a premium spectacle.

Djibril Gueye · Vanessa Perdomo · Andrew Zimbalist · Gianni Infantino · Sean Duffy · Daniel Cancel · Don GarberJun 5, 20268 min read

23andMe Bets a Nonprofit Model Can Revive Its DNA Platform

Bloomberg’s Emily Chang profiles Anne Wojcicki’s attempt to rebuild 23andMe after a collapse from a $5.7bn public-market valuation to bankruptcy. Wojcicki argues the company’s mistake was trying to be understood as a consumer, diagnostics and therapeutics business at once, but says its genetic database still has social and scientific value if recast as a nonprofit “open science platform.” The interview frames the comeback around the unresolved problem that made 23andMe valuable and vulnerable: persuading people to trust it with highly sensitive DNA data.

Emily Chang · Esther Wojcicki · Kristen Brown · Janet Wojcicki · Anne WojcickiJun 3, 202615 min read

China Is Betting on Megaregions to Escape the Middle-Income Trap

Bloomberg’s documentary argues that Hong Kong’s Northern Metropolis is not just a local development plan but a test case for China’s attempt to turn megaregions into a new growth engine. The project would convert rural land near Shenzhen into a technology hub linking Hong Kong more tightly to the mainland’s Greater Bay Area, an 11-city, $2tn economy. The source presents the strategy as a bid to escape slower growth through concentration of people, capital and ideas, while showing the displacement, political constraints and institutional frictions that come with it.

Allen Wan · Hoi Kum · Monica Smith · Shawna Kwan · Emily Unknown · Yukon Huang · John LeeJun 1, 20268 min read

SpaceX IPO Could Push a Speculative $2 Trillion Valuation Into Index Funds

Bloomberg Originals argues that SpaceX’s planned IPO would test public markets in ways that go beyond its projected record size. The company is seeking a valuation approaching $2 trillion on revenue still far below that level, with investors being asked to price Starlink, launch services, AI infrastructure, orbital data centers and Mars ambitions into one company. The report frames the offering as both a bet on Elon Musk’s ability to turn speculative infrastructure into operating businesses and a risk that index mechanics could push that bet into ordinary portfolios.

Bailey Lipschultz · Loren Grush · Chris Nagi · Isabelle Lee · Matt GoldmanMay 29, 20267 min read

Tracy McGrady Turns Bills Stake Into Broader Sports Business Platform

Tracy McGrady told Alex Rodriguez and Jason Kelly that his investment in the Buffalo Bills was the result of a long-running ambition to move from athlete to owner, not a celebrity stake in a franchise. The NBA Hall of Famer described ownership as a way into new rooms and relationships, while tying the same logic to his NBC role, his China business ties and Ones Basketball League, the one-on-one platform he is trying to build from his own experience as an overlooked teenage prospect.

Jason Kelly · Alex Rodriguez · Tracy McGradyMay 28, 202613 min read

Electricity Grids Become the New Bottleneck for AI Growth

Bloomberg Primer argues that electricity grids have become a central constraint on economic growth as AI, electric vehicles and heat pumps push demand higher after decades of flat consumption in many Western countries. The piece contrasts China’s continuous grid buildout with stalled Western systems, and follows efforts including superconducting cables, grid-stabilizing machines for renewable-heavy systems and Nigerian mini-grids. Its central claim is that countries able to expand and stabilize power delivery will be better positioned to capture the next wave of industrial and digital growth.

Caroline Hyde · Evan Ensslin · Álvaro Hurtado · Samson Abiamuwe · Richard Miller · Daniel Martínez · Akshat Rathi · Dan Murtaugh · Guy Nicholson · Liam Howell · Laura Millan · Tim Heidel · Jason ThomasMay 27, 202612 min read

Oregon Lawyers Challenge ICE Detentions That Outrun Access to Counsel

Bloomberg Investigates follows Portland-based Innovation Law Lab as it challenges the Trump administration’s immigration enforcement in court and tries to free detainees before transfer or fast-track deportation makes relief harder to obtain. The lawyers’ central argument is that due process is being eroded not only by arrests and detention, but by speed: immigrants may have formal rights, they say, yet be unable to exercise them without timely access to counsel. DHS disputes that account, saying ICE does not deny counsel as a matter of policy and that any denials are isolated or justified.

Isa Peña · Tess Hellgren · Stephen Manning · Rigoberto Hernandez · Rodrigo Fernández-OrtegaMay 26, 202615 min read

Replacing Starmer Would Not Change Britain’s Fiscal Arithmetic

Bloomberg Originals argues that Keir Starmer’s rapid loss of political authority reflects a deeper British problem: voters want fast improvement, while weak growth, high debt costs, persistent inflation and limited fiscal room leave little capacity to deliver it. Alex Wickham, Lizzy Burden and Alice Gledhill frame the churn of UK prime ministers as a response to that gap, but say changing leaders does not remove the constraints. The bond market, in their account, is now central to the politics, narrowing Labour’s choices and making any challenge to Starmer economically consequential.

Nate Lanxon · Lizzy Burden · Keir Starmer · Alex Wickham · Andy Burnham · Alice GledhillMay 22, 20267 min read

Tennis Players Seek More Revenue Without a League’s Bargaining Machinery

Jess Pegula, speaking with Alex Rodriguez and Jason Kelly on Bloomberg’s The Deal, argues that professional tennis players need more leverage in the sport’s economics but lack the league structure and union machinery that make collective bargaining familiar in major US team sports. Pegula says players are trying to organize across the WTA and ATP to seek a larger share of revenue, especially from the Grand Slams, while also pushing for fairer prize money and a shorter calendar. Her case is shaped by an unusual vantage point: current player, WTA Player Council member and daughter of Buffalo Bills and Sabres owners Terry and Kim Pegula.

Jason Kelly · Alex Rodriguez · Jessica PegulaMay 21, 202613 min read

ICE Courthouse Arrests Turn Case Dismissals Into Fast-Track Deportations

Bloomberg Investigates follows Portland legal aid group Innovation Law Lab as it challenges the Department of Homeland Security over President Donald Trump’s deportation campaign. The lawyers argue that ICE is turning immigration court appearances into arrest opportunities by seeking dismissals, detaining people after hearings and moving them into faster deportation proceedings with fewer rights. Executive director Stephen Manning frames the fight as a due-process battle over whether immigrants can still use the legal system without being exposed to detention.

Tess Hellgren · Isa Peña · Stephen ManningMay 19, 20266 min read

Documents Show Epstein Turned Elite Access Into a Transaction Network

Bloomberg’s review of thousands of Jeffrey Epstein’s emails, appointment books and message logs argues that his influence rested less on proximity to famous people than on a transactional role inside elite networks. The documents depict Epstein as a broker who used wealth, introductions, gifts, donations, legal and financial services, and access to young women to embed himself across finance, politics, academia and global business, even as allegations against him accumulated.

Sridhar Natarajan · Les Wexner · Jeffrey Epstein · Adrianne JeffriesMay 18, 20269 min read

Governments Commit $10 Billion to Loosen China’s Rare-Earth Grip

Bloomberg argues that China’s rare-earth power rests less on ownership of mineral deposits than on its dominance of refining and magnet production, the chokepoints that turn ore into components for cars, electronics and weapons. The report says Beijing has already used that position as leverage, including against Japan in 2010 and in renewed trade tensions with the US, where automakers warned that magnet shortages could shut factories. Western governments are now putting billions into alternative supply chains, but the article frames the realistic goal as diversification over many years, not independence from China.

Nectar Gan · Marcelo Carvalho · Joe Deaux · Avril Hong · He Yongqian · Martin Ritchie · Amanda LacazeMay 15, 20268 min read

Sixth Street’s Sports Bet Depends on Infrastructure and Global Growth

Sixth Street co-founder Alan Waxman told Bloomberg’s The Deal that sports investing only works if patient capital can stay in place long enough for media rights, global audiences, infrastructure and adjacent real estate to support rising team valuations. In a conversation with Alex Rodriguez and Jason Kelly, Waxman argued that the firm’s stakes and investments across the Patriots, Spurs, Celtics, Bay FC and European football are built less around short-term private equity exits than around scarce assets, durable leagues and alignment with long-term owners.

Alex Rodriguez · Jason Kelly · Alan WaxmanMay 14, 202612 min read

US Revives Panama Jungle Training Amid Latin America Military Buildup

Bloomberg reports that the US military’s revived jungle training in Panama is both a readiness exercise and a signal of Washington’s harder posture in Latin America under Donald Trump. David Alire Garcia frames the return to Fort Sherman after a 25-year hiatus against the capture of Nicolás Maduro, the administration’s “Trump Corollary” language, and a broader regional buildup that has unsettled Panamanian officials and sovereignty advocates. The piece argues that the training is not evidence of an imminent operation, but it shows the US preparing for jungle warfare while redefining security cooperation in a region with a long memory of American intervention.

Keith Benedict · Ricardo Lombana · Camila Aybar · David Garcia · Kevin CabreraMay 11, 20266 min read

Private Credit Faces a Confidence Test as AI Hits Software Loans

Private credit’s roughly $1.8 trillion boom is facing its first major test as a crisis of confidence rather than a broad default cycle, Bloomberg Originals argues. The report says the rapid growth of lending outside banks has left investors questioning private loan marks, limited liquidity in retail-facing funds, and underwriting assumptions around software borrowers whose growth prospects may be undermined by artificial intelligence.

Nate Lanxon · Jeffrey Gundlach · Paula Seligson · Neil Callanan · Marc Lipschultz · Ellen DiMauro · Davide Scigliuzzo · Jamie Dimon · Tim StenovecMay 8, 20269 min read

Softball’s Growth Depends on Television Access and Player-Centered Storytelling

AJ Andrews argues on Bloomberg’s The Deal that baseball and softball can grow by giving fans more access to athletes’ personalities, backstories and identities, not by adding artificial spectacle. Andrews points to the World Baseball Classic as proof that visible pride and emotion can deepen fan attachment, while Alex Rodriguez makes a parallel case that baseball leaves value unused by hiding players’ preparation and personal stories. For softball, Andrews says the lesson is exposure: when games and players are put on television and treated as distinct, compelling stories, audiences have a reason to follow.

Jason Kelly · AJ Andrews · Alex RodriguezMay 7, 202611 min read

AI Demand Is Stress-Testing the Global Semiconductor Supply Chain

Bloomberg’s primer argues that the AI boom is turning the semiconductor supply chain into a strategic stress test, raising demand for advanced processors while exposing how dependent the industry remains on a handful of companies, machines and manufacturing clusters. The source traces that pressure through ASML’s lithography tools, AMD’s AI chip designs, TSMC’s concentration of advanced fabrication in Taiwan, and competing US and Chinese efforts to rebuild domestic capacity. Its central claim is that chips are becoming more economically and politically essential just as their production remains physically fragile, capital-intensive and difficult to replicate.

Ian King · Carol Massar · Mark Fuselier · Mike Haggerty · Allen Wan · Priya Thanigai · Konstantinos Ninios · JoAnne Feeney · Debby Wu · Jos BenschopMay 7, 202612 min read